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M Saraswathy

Assistant News Editor

Moneycontrol News

Saraswathy has been covering stories in the areas of insurance, HR and education for the past nine years, having worked in the past with Business Standard.

Sample insurance products are need of the hour

BUSINESS

Sample insurance products are need of the hour

With life insurance penetration (premium as a percentage of GDP) below 4 percent and general insurance penetration below 1 percent, there is a dire need to make policies more appealing to customers.

Group life insurance numbers hit due to cost pressures at India Inc

BUSINESS

Group life insurance numbers hit due to cost pressures at India Inc

Insurers said that manufacturing firms and FMCG companies are now buying covers on a group platform only for employees above a certain pay-scale.

Orient Electric enters affordable luxury segment with chandeliers

BUSINESS

Orient Electric enters affordable luxury segment with chandeliers

In an interaction with Moneycontrol, Atul Jain, Executive Vice President, Orient Electric said that the company is planning to launch a few more products ahead of summer.

Auto makers under scanner for forceful sale of motor insurance policies to customers

BUSINESS

Auto makers under scanner for forceful sale of motor insurance policies to customers

According to the law, motor third-party insurance is mandatory for all vehicles running on Indian roads. These products are usually purchased from the same dealer from where an individual buys his car or bike.

LIC sees 291% jump in investment income from FY09-19 period

BUSINESS

LIC sees 291% jump in investment income from FY09-19 period

Data from the LIC Annual Report 2018-19 released last week showed that the income from investments stood at Rs 2,21,573.72 crore at the end of FY19.

US-Iran tensions: Indian insurers face the heat

BUSINESS

US-Iran tensions: Indian insurers face the heat

With oil importers being forced to buy higher insurance covers for the crude being brought in, reinsurers are turning cautious.

Time to create monolith PSU general insurer?

BUSINESS

Time to create monolith PSU general insurer?

The finance ministry is in the early stages of forming one single public-sector general insurer

Life insurers paid Rs 3.3 lakh crore of benefits in FY19, a record high

BUSINESS

Life insurers paid Rs 3.3 lakh crore of benefits in FY19, a record high

Life insurance industry also saw a reduction in the surrender of unit-linked insurance plans

Technology will create more, better job opportunities in 2020: Shine.com CEO

BUSINESS

Technology will create more, better job opportunities in 2020: Shine.com CEO

Jobs across avenues such as education, energy, healthcare, environment, and financial services will remain secure in 2020, said Zairus Master, CEO, Shine.com

Tier I cities still top focus for health insurers for branch presence

BUSINESS

Tier I cities still top focus for health insurers for branch presence

Of the 883 offices of health insurers, a whopping 793 offices are in Tier I locations. During FY19, a total of 108 new offices were opened by standalone health insurers

Coming soon: A blacklist for CV fraudsters

BUSINESS

Coming soon: A blacklist for CV fraudsters

The HR industry is in the process of creating a blacklist that will have details of all minor and major discrepancies in the candidate’s resume.

Placements crisis: As anti-CAA protests drive away recruiters, anxious institutes seek police protection

BUSINESS

Placements crisis: As anti-CAA protests drive away recruiters, anxious institutes seek police protection

Some recruiters have stayed away from certain campuses on fear of violence or even to avoid being seen as taking an anti-government stance.

Insurers seek tax relief from GST Council, want tax rate pared to 5%

BUSINESS

Insurers seek tax relief from GST Council, want tax rate pared to 5%

An 18 percent GST rate is applicable for a majority of insurance products. Insurers want GST to be cut to 12 percent initially and then to 5 percent.

General Insurance Council proposes fixed Rs 10 lakh motor third-party cover, cess for road accident fund

BUSINESS

General Insurance Council proposes fixed Rs 10 lakh motor third-party cover, cess for road accident fund

At present, there is unlimited liability as far as motor TP insurance is concerned. The Council wants the government to limit this liability

JNU Row: Use of WhatsApp for university exams is mockery of education

BUSINESS

JNU Row: Use of WhatsApp for university exams is mockery of education

School of International Studies, JNU has proposed holding semester examinations over WhatsApp after student protests disrupted lectures

Pay raise in 2020 to be negligible once adjusted for inflation

BUSINESS

Pay raise in 2020 to be negligible once adjusted for inflation

Going forward, your real salaries may see a less than 5 percent annual rise because of food and medical inflation.

Wipro Consumer eyes larger play in smart lighting space

BUSINESS

Wipro Consumer eyes larger play in smart lighting space

As far as products are concerned, apart from LED batten and downlights. Wipro Consumer Care is also present in the smart sockets and smart doorbells space.

Kent RO launches ‘zero water-wastage’ purifier

BUSINESS

Kent RO launches ‘zero water-wastage’ purifier

In the new product, the water recovery or the amount of water converted to purified water has been enhanced to 50 percent from the earlier 25 percent. The rest of the water goes back to the water source in the building.

Want protection biz to be 25% of annualised premium equivalent in 3 years: HDFC Life CEO

BUSINESS

Want protection biz to be 25% of annualised premium equivalent in 3 years: HDFC Life CEO

Vibha Padalkar said that HDFC Life has been able to grow the H1FY20 topline by 38 percent in a tough market.

Toffee Insurance raises Series A funding of $5.5 million

BUSINESS

Toffee Insurance raises Series A funding of $5.5 million

This is Toffee Insurance’s second consecutive raise from four of the five key investors after their initial funding round of USD 1.5 million last year.

Five innovative appliances that you can buy in 2020

BUSINESS

Five innovative appliances that you can buy in 2020

From robot chefs to folding TVs, consumers will have an array of unique appliances to choose from in 2020

Samsung eyes top spot in room air-conditioner segment by 2022

BUSINESS

Samsung eyes top spot in room air-conditioner segment by 2022

Samsung will re-enter segments like window air-conditioners to offer a better product variety to customers.

Here’s how your insurance policy will look like in 2020

BUSINESS

Here’s how your insurance policy will look like in 2020

Though a slew of changes will offer more coverage under standard products, the premiums may go up by atleast 10 percent

Here’s why leave encashment must be a rule, not an exception

BUSINESS

Here’s why leave encashment must be a rule, not an exception

While employees are entitled to take a set number of leaves each year, atleast 5-10 percent of this remains underutilised.

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